Nebula Research & Development LLC Boosts Holdings in EchoStar Co. (NASDAQ:SATS)

Nebula Research & Development LLC increased its holdings in shares of EchoStar Co. (NASDAQ:SATS) by 88.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,673 shares of the communications equipment provider’s stock after buying an additional 19,590 shares during the period. Nebula Research & Development LLC’s holdings in EchoStar were worth $954,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of EchoStar by 251.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 1,151 shares during the period. Covestor Ltd grew its stake in EchoStar by 189.1% during the 4th quarter. Covestor Ltd now owns 4,796 shares of the communications equipment provider’s stock worth $110,000 after purchasing an additional 3,137 shares in the last quarter. KBC Group NV increased its holdings in EchoStar by 65.1% during the 4th quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider’s stock worth $153,000 after purchasing an additional 2,635 shares during the period. Xponance Inc. raised its position in EchoStar by 8.7% in the 4th quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider’s stock valued at $201,000 after purchasing an additional 701 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in shares of EchoStar in the 4th quarter valued at about $204,000. 33.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, UBS Group upped their target price on shares of EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.75.

EchoStar Stock Up 0.2 %

EchoStar stock opened at $22.56 on Monday. The stock has a market cap of $6.46 billion, a PE ratio of -2.46 and a beta of 0.72. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.61. The stock’s fifty day moving average is $25.54 and its two-hundred day moving average is $25.23. EchoStar Co. has a 1-year low of $14.40 and a 1-year high of $32.48.

EchoStar (NASDAQ:SATS) last issued its earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.63) by $1.87. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. On average, sell-side analysts expect that EchoStar Co. will post -1.99 EPS for the current fiscal year.

EchoStar Company Profile

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.